Europe Polyvinyl Chloride (PVC) Market Size (2024 - 2029)

Europe PVC Market Analysis

In Europe, polyvinyl chloride (PVC) is expected to register a CAGR of around 3% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Several countries imposed factory shutdowns, leading to lower production, but the market steadily recovered in 2021.

• Major factors driving the market study are the increasing use of plastics to reduce vehicle weight and enhance fuel economy, growing demand from the construction industry, and increasing applications in the healthcare industry.
• However, hazardous impacts on humans and the environment are expected to hinder the growth of the market studied.
• The accelerating usage of electric vehicles and PVC recycling are likely to act as opportunities in the future.

Europe PVC Industry Segmentation

Polyvinyl chloride (PVC) is a high-strength thermoplastic material widely used in applications such as pipes, medical devices, and wire and cable insulation. It is the world's third-largest thermoplastic material in terms of usage. The market is segmented by product type, stabilizer type, application, end-user industry, and geography. By product type, the market is segmented into rigid PVC, flexible PVC, low-smoke PVC, and chlorinated PVC. By stabilizer type, the market is segmented into calcium-based stabilizers, lead-based stabilizers, tin and organotin-based stabilizers, and barium-based and other stabilizers. By application, the market is segmented into pipes and fittings, films and sheets, wires and cables, bottles, profiles, hoses and tubing, and other applications. The end-user industry market is segmented into building and construction, automotive, electrical and electronics, packaging, footwear, healthcare, and other end-user industries. The report also covers the market size and forecasts for the polyvinyl chloride market in six countries across Europe. For each segment, market sizing and forecasts have been done on the basis of volume (kilo tons).